Company Valuation: Ratch Group

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 65,250 92,981 68,512 65,250 64,162 81,019 - -
Change - 42.5% -26.32% -4.76% -1.67% 26.27% - -
Enterprise Value (EV) 1 119,408 157,615 134,919 149,654 164,148 178,971 163,284 157,364
Change - 32% -14.4% 10.92% 9.68% 9.03% -8.77% -3.63%
P/E 8.4x 13.6x 13.2x 10.6x 10.3x 12.5x 11.5x 11.1x
PBR 0.93x 0.95x 0.7x 0.68x 0.69x 0.82x 0.78x 0.76x
PEG - -0.3x -0.5x 0.6x 7.26x 3.27x 1.26x 3.09x
Capitalization / Revenue 1.75x 1.24x 1.57x 1.97x 2.37x 2.3x 2.39x 1.99x
EV / Revenue 3.2x 2.11x 3.09x 4.52x 6.06x 5.08x 4.81x 3.87x
EV / EBITDA 25.7x 27.7x 19.4x 22.6x 28.4x 19x 16.7x 15.8x
EV / EBIT 47.6x 59.3x 46.8x 58x 78.9x 44.9x 36.7x 35.3x
EV / FCF 22.7x 30.7x 17.5x 24.5x 15x 8.22x 7.46x 6.8x
FCF Yield 4.41% 3.25% 5.71% 4.08% 6.65% 12.2% 13.4% 14.7%
Dividend per Share 2 2.5 1.6 1.6 1.6 1.6 1.606 1.626 1.627
Rate of return 5.56% 3.74% 5.08% 5.33% 5.42% 4.31% 4.37% 4.37%
EPS 2 5.36 3.15 2.38 2.82 2.86 2.969 3.241 3.357
Distribution rate 46.6% 50.8% 67.2% 56.7% 55.9% 54.1% 50.2% 48.5%
Net sales 1 37,327 74,725 43,675 33,133 27,082 35,253 33,914 40,691
EBITDA 1 4,653 5,697 6,948 6,609 5,789 9,406 9,762 9,958
EBIT 1 2,508 2,660 2,883 2,581 2,082 3,988 4,446 4,462
Net income 1 7,772 5,782 5,167 6,127 6,220 6,466 7,057 7,296
Net Debt 1 54,158 64,634 66,407 84,404 99,985 97,952 82,265 76,345
Reference price 2 45.00 42.75 31.50 30.00 29.50 37.25 37.25 37.25
Nbr of stocks (in thousands) 1,450,000 2,175,000 2,175,000 2,175,000 2,175,000 2,175,000 - -
Announcement Date 23/02/22 28/02/23 27/02/24 25/02/25 27/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.97x5.15x19.32x4.17% 2.52B
31.06x7.01x18.79x-.--% 40.13B
14.38x2.81x10.47x2.92% 33.37B
14.76x4.74x8.57x3.73% 16.31B
15.19x5.02x10.49x-.--% 14.17B
7.8x2.85x7.7x5.25% 12.39B
4.71x0.68x3.28x2.73% 8.71B
11.77x1.5x8.17x4.23% 7.61B
52.93x4.17x9.9x4.36% 7.23B
Average 18.40x 3.77x 10.74x 3.04% 15.83B
Weighted average by Cap. 19.83x 4.35x 11.92x 2.26%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. RATCH Stock
  4. Valuation Ratch Group